Former exec 'Fruitcake' gets 10 years in $16M money-launder case; his wife 'Cupcake' gets probation
A former controller for a Texas bakery known for its high-end fruitcakes was sentenced Wednesday to 10 years in federal prison in a Dallas case involving a $16.7 million theft from his employer.
Sandy Jenkins agreed to a plea deal last year and pleaded guilty to charges including mail fraud and conspiracy to commit money laundering, the Corsicana Daily Sun reports.
His wife, Kay Jenkins, got five years of probation and 100 hours of community service after pleading guilty to conspiracy to commit money laundering, Courthouse News reports.
The couple, who were known as “Fruitcake” and “Cupcake,” respectively, at their local Nieman Marcus store, lived a lavish lifestyle on company funds stolen before he was fired in June 2013, prosecutors said.
While legitimately earning around $50,000 a year as corporate controller for the Collin Street Bakery in Corsicana, Jenkins and his wife spent nearly $100,000 a month, on average, on a corporate credit card during the course of the nearly decade-long scheme, the government said at sentencing.
They had 38 vehicles, purchasing a new one every time an oil change was needed, the feds contended, and took hundreds of trips on private jets.
The couple were ordered to pay $12.7 million in restitution; numerous luxury items were recovered by authorities and sold to help reduce the amount they owe, according to Courthouse News.
Related coverage:
ABAJournal.com: “$50K-a-year bakery worker and wife lived lavishly while laundering $16.6M, feds say”
